Renovated 5-family mixed use building for sale. Income producing & fully leased- this will not be delivered vacant. High traffic block on Webster Ave. Brand-new plumbing and electrical systems This turn-key investment features 5 free-market units- three 2-bedroom units and two 1-bedroom units, each outfitted with premium finishes including refinished hardwood floors, 42-inch kitchen cabinets, granite countertops, tiled backsplashes, stainless steel appliances, and luxurious glass and porcelain tiled bathrooms. The electric-gated storefront, complete with two bathrooms, offers flexible configuration options, allowing it to function as either one or two separate commercial spaces. Currently leased to a thriving business center, this space guarantees immediate income. The building features a basement with ample work and storage areas, plus a separate finished space that opens to a private fenced-in backyard an ideal feature for tenants and a value-add for rental pricing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $1,024 | $1,024 | $1,024 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,176 | $8,984 | $12,055 |
Total Monthly Payment | $9,325 | $10,133 | $13,204 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.